Energy storage firm Global Energy Storage (GES) has bought assets in the Port of Rotterdam from commodity trading company the Gunvor Group, GES announced on 11 November.
GES said the agreement to buy an interest in parts of the Stargate Terminal had been approved by the Port of Rotterdam Authority and would involve the development of more than 20ha of land at the port.
The plans include the development of a new jetty and infrastructure for the consolidation of storage for biofuels and renewable fuels.
GES said it was also planning to become part of the logistics chain needed to import blue and green hydrogen.
“We are looking to develop an international network of storage and logistics infrastructure for low-carbon commodities. You can expect to see a rapid expansion across 2021/22,” GES executive chairman Eric Arnold said.
Gunvor would be a long-term partner of GES at the Port of Rotterdam, GES said.
Launched in May, GES was set up by the management team from leading operator and developer of chemical assets Global Petro Storage (GPS).
GES’s strategy is to concentrate on key global hubs, international cross-linked business and long-term relationships with leading energy suppliers, according to the company said.
According to its website, Gunvor Group sources crude oil and refined oil products from more than 100 countries.